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Stablecoins have become an integral part of the cryptocurrency ecosystem in recent years. They provide a way for cryptocurrency traders and investors to park their funds in a crypto asset pegged to a fiat currency like the US dollar without having to cash out to fiat. This avoids the high
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Tether (USDT) is a popular stablecoin that aims to maintain a 1:1 peg to the U.S. dollar. However, there have been periods where Tether has lost its peg and traded below $1. These temporary breakdowns in the peg have resulted in losses for some Tether holders. In this
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Stablecoins like Tether (USDT) have been a source of intense debate and controversy in the cryptocurrency community. As one of the most widely used stablecoins, Tether plays a critical role in crypto markets. However, questions have persisted around whether Tether is fully backed 1:1 by fiat reserves. Surveying public
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Binance Coin (BNB) has grown to become one of the largest cryptocurrencies by market capitalization since its launch by the Binance crypto exchange in 2017. As an exchange-based token, BNB provides utility and benefits for Binance users while also serving as an investment asset traded on the open crypto market.
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Stablecoins have become an integral part of the cryptocurrency ecosystem in recent years. They aim to provide price stability and hedge against the high volatility of cryptocurrencies like Bitcoin and Ethereum. Tether (USDT) has dominated the stablecoin market since its launch in 2014. However, centralized nature and lack of transparency
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Decentralized finance (DeFi) has seen explosive growth over the past few years. As more and more crypto users flock to DeFi platforms for lending, trading, and yield generation, the total value locked in DeFi protocols has surged to over $100 billion. One major factor fueling this growth is stablecoins, which
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The crypto investment bank Galaxy Digital is expanding its European presence in London despite struggling to retain senior talent in recent months. However, Bitcoin's decentralized ethos may provide a solution for fintechs facing talent retention issues. Exodus of Senior Talent Highlights Growing Pains Galaxy Digital, founded by ex-Goldman
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The crypto winter has frozen the market, but glimpses of a thaw may foreshadow a monumental rebound. Like icicles glinting in the first light of spring, crypto's vital signs flickered this week. Bitcoin inched up 4.8% over the last 6 months. Ethereum climbed 32% year-to-date. Cardano broke
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The cryptoverse was rocked this week by the announcement that Binance.US CEO Brian Shroder is leaving the company after just 2 years. This news coincided with a massive outflow of funds from Binance, to the tune of $66 million in a single transaction. In this article, you'll
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Bitcoin and Major Cryptocurrencies Take a Dive After Fed Rate Hike Signals The crypto market stumbled on Monday as Bitcoin, Ethereum, and most major cryptocurrencies suffered significant downturns. This sell-off comes on the heels of signals from the U.S. Federal Reserve that additional interest rate hikes are on the
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The cryptocurrency market has seen six consecutive weeks of outflows totaling $9 million, according to new data from CoinShares. While bitcoin and ether saw continued outflows, some altcoins like XRP and Solana saw inflows as investors diversify into higher risk assets. Outflows Continue But Some Coins See Inflows The latest
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In a stunning turn of events, the former face and personality behind the popular YouTube channel BitBoy Crypto has raised over $150,000 in cryptocurrency donations from fans in just 3 days. Ben Armstrong, who until recently was known to his 1 million+ YouTube subscribers as BitBoy, is now preparing
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The rise of cryptocurrencies has brought with it a plague of hacks and exploits that have cost investors billions. Quantstamp CEO Richard Ma offers a sobering inside look at the limitations of security audits in an exclusive interview, explaining why an “Audited By” label offers little protection. Read on to
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Hackers Gain Access to Crypto Analytics Firm's Data, Raising Concerns The cryptocurrency world was rocked this week by news that major crypto analytics platform Nansen suffered a data breach that exposed sensitive customer information. According to the company's own admission, hackers gained access to Nansen'
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The spectacular raid of a Venezuelan maximum security prison housing 11,000 inmates this week uncovered a massive illegal Bitcoin mining operation unlike anything authorities had seen before. On Thursday September 21st, over 11,000 National Guard troops stormed the prison in Portuguesa state in search of illegal activities. What
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More crypto companies look abroad as U.S. regulators crack down The winds of governmental regulation are blowing cold and harsh against the crypto industry in the United States. While the Securities and Exchange Commission aggressively pursues enforcement actions against top players like Binance and Coinbase, lawmakers dither and delay